Online gambling website requires you to have a gaming license before you start operating. There may be other permits you would have to obtain, depending upon the place of your business’s registration.
Note: Given that online gambling, or gambling itself, is not legal in some countries, you cannot obtain a license for operation from those countries or start your business from there.
If your country has legalized พนันออนไลน์ or provided it with special provisions, please read the following points:
1. First thing first is to obtain a gambling license. This license is provided by the gaming regulatory authority of your country. Depending on the country, an online casino license may have different requirements compared to a physical casino’s license. Acquiring the license can be time consuming, expensive and difficult, especially in countries where gambling comes under a grey area or has been provided with special provisions.
2. If your country is restrictive regarding online gambling, you may want to look into incorporation in countries in the Caribbean or others like Malta, Gibraltar, and Jersey, which offer an easy entering pathway. This will allow you to start up your business, without being withheld by the rules and bureaucracy of your country’s licensing body.
3. You should note that different countries have different licensing fees. The difference is usually drastic and means that you have to prepare your budget accordingly. Small countries like Malta, Gibraltar, Isle of Man, Jamaica, etc. usually have specialized licensing programs for gaming and offer a license for cheap, when compared with countries like Germany, France or Italy. Expect to pay anywhere between $30,000 and $300,000 for the license, depending on your country of operation.
4. If you are unable to afford the licensing fee, you have a legal alternative in a B2B supplier, which can provide you with a sub-license. With the sub-license, you can kick start your online casino business, without wasting time or money in negotiating for a license from the government; however, you would have to pay a percentage fee to the B2B supplier for using the sub-license, which can prove to be costly in the long run.
5. A great legal way of curbing your tax expenditure is to start an off shore company which will own the online casino on paper and represent the online casino in the country of operation. Since it is an off shore company, the profits can be redirected to the off shore accounts, which will save you hundreds of thousands of dollars when you start making serious money.
A website with a gambling license would still not be allowed to operate in countries where they are prohibited. They can also not be accessed by residents or citizens of countries who are not allowed to access gambling websites.
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